IMARC Group has published a market research report titled “Europe Bio-Degradable Plastic Market Report by Product Type (PBAT, Bio-Degradable Polyesters, PBS, PHA, PLA, Starch Based, and Others), End Use Industry (Food, Beverage, Pharmaceuticals, Personal Care and Home Care, and Others), and Country 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the Europe bio-degradable plastic market share. The market size is expected to exhibit a growth rate (CAGR) of 10.8% during 2024-2032.
The Europe bio-degradable plastic market is experiencing significant growth, driven by strict regulations of government bodies on plastic usage and a rising awareness of consumers towards environmental sustainability. In addition to this, the directives of the European Union to reduce plastic waste in oceans and landfills have increased a shift towards bio-degradable plastic waste across several industries, including manufacturing, agriculture, etc. This regulatory landscape, coupled with the recycling and waste management of the continent, is expanding the Europe bio-degradable plastic market. Furthermore, the rising consumer preference for sustainable packaging solutions, especially in the beverage and food sectors, is responsible for market growth. Additionally, manufacturers are responding by investing in R&D to create bio-degradable plastics that satisfy consumer expectations and regulatory standards, thus encouraging product innovation and diversity.
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Europe Bio-Degradable Plastic Market Trends and Drivers:
Increasing technological advancement in the domain of bio-degradable plastic is enhancing its quality and efficiency in comparison to traditional plastics in terms of performance and cost, which further propels the Europe bio-degradable plastic market. In line with this, initiatives by major corporations to incorporate bio-degradable materials into their products are also contributing to market expansion. Moreover, the development of compostable plastics that degrade within a short period under the right conditions is gaining traction, offering new opportunities for waste management and recycling industries. Apart from this, the rise in investment in biodegradable plastic production facilities across Europe is set to enhance the supply chain, meeting the growing demand, and driving down costs, thereby accelerating the Europe bio-degradable plastic market in the coming years.
Leading Companies Operating in the Europe Bio-Degradable Plastic Industry:
- API SpA
- BASF SE
- Biome Bioplastics (Biome Technologies plc)
- FKuR Kunstatoff GmbH
- Kingfa Sci. & Tech. Co., Ltd
- Mitsubishi Chemical Corporation
- Natureworks LLC (Cargill Incorporated)
- Novamont S.p.A
- Plantic (Kuraray Co., Ltd)
- Toray Industries Inc
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- PBAT
- Bio-Degradable Polyesters
- PBS
- PHA
- PLA
- Starch Based
- Others
Breakup by End Use Industry:
- Food
- Beverage
- Pharmaceuticals
- Personal Care and Home Care
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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